Former Lansing Restaurant / Redevelopment Opportunity

Retail-Commercial for Sale
Catylist Listing ID: 30753034
Property Subtypes: Free-Standing Building, Parking Facility, Restaurant, Retail-Pad
Building Size (RSF): 5,032 SF
Gross Land Area: 0.80 Acres
Sale Price: $199,000
Unit Price: $39.55 PSF
Property Use Type: Vacant/Owner-User
Building Name: House Of Ing
Usable Size (USF): 5,032 SF
Sale Terms: Cash to Seller, Purchase Money Mortgage
Cap Rate: Undisclosed
Last Updated: 9/27/2021

Overview / Comments

Offering this Former Lansing Restaurant that is fully equiped in over a 5000 Sq Ft building on just under 1 acre with a full basement. Also a prime location for Redevelopment

Additional Details

Nearest MSA: Lansing-East Lansing
County: Ingham
Taxing Authority: Lansing
Tax ID/APN: 33-01-01-33-283-011 / 33-01-01-33-283-001
Zoning: COMMERCIAL
Retail Clientele: General, Business
Property Located Between: Cedar / Fenton / Jessop
Property Visibility: Excellent
Largest Nearby Street: Cedar
Feet of Frontage: 210
Highway Access: Located Between 96 and 496
Airports: Lansing Regional
Site Description: Offering this Former Lansing Restaurant that is fully equiped in over a 5000 Sq Ft building on just under 1 acre with a full basement. Also a prime location for Redevelopment
Total Number of Buildings: 1
Number of Stories: 1
Property Condition: Fair
Year Built: 1949
Roof Type: Flat
Construction/Siding: Brick
Total Parking Spaces: 75
Parking Type: Surface
Parking Description: Asphalt
Interior Description: Former Restaurant / Fully Equipped with chairs, tables, walk in coolers and commercial kitchen appliances. Full Basement
Zoning Description: Commercial Retail
Lot Frontage: 210'
Lot Depth: 166'
Water Service: Municipal
Sewer Type: Municipal
Legal Description: COM SE COR LOT 121, TH W TO E R/W LINE HWY US 127, N ALONG E R/W LINE TO S LINE FENTON AVE EXT D, E ALONG S LINE FENTON AVE TO PT 46 FT W OF NE COR LOT 118, S 105 FT, E 46 FT, S 105 FT TO BEG; MAPLE HILL

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 11,375 97,860 208,491
Median Age: 37.59 32.42 33.05
Households: 5,080 38,650 82,762

Contact

Photograph of Listing Agent

Kenneth Burton

Keller Williams Commercial
CPIX Member
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